Financial firms to disclose risks of stranded assets from 'deep flux' of climate change: MAS

“This is going to be an area of deep flux. Some carbon-intensive assets are going to be stranded as carbon taxes rise or renewables technologies become more viable, while assets that are more environmentally friendly may gain in value.”

He added that existing sustainability reports are but a start. He also pointed out that sustainability risks are difficult to measure, with few reliable methodologies available, which means disclosure requirements cannot run too far ahead of the capacity to measure these risks in a meaningful way. As it is, MAS has rolled out a sustainable bond grant scheme that subsidies the issuance of green, social and sustainability bonds in Singapore, that is valid till May 31, 2023.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS weighing new financing perks in green pushSINGAPORE (BLOOMBERG) - Singapore may expand green financing incentives for financial services companies to boost their resilience against the economic impact of climate change.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

10 Ways Apple Is Leading the Charge on SustainabilityCEO Tim Cook spoke to ELLE Decor about Apple’s ambitious plans to address climate change.
Source: YahooSG - 🏆 3. / 71 Read more »

Cities could be an ally in climate change fight: ExpertsSINGAPORE - Cities are often the setting for dystopian futures involving environmental degradation.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Scientists urge stronger Paris Agreement pledges to curb climate changeWASHINGTON: The vast majority of national commitments in the 2015 Paris Agreement are inadequate to prevent the worst effects of global warming, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »